BTIG Maintains Buy Rating on Lifezone Metals Following Progress on Kabanga Nickel Project
BTIG has reiterated its buy recommendation and target price of $7.00 for Lifezone Metals (NYSE:LZM) after the company’s fiscal year 2025 results. The target implies a potential upside of approximately 95% from the current stock price of $3.59. Lifezone Metals announced progress on its Kabanga Nickel project and aims for a final investment decision later this year. The company has about $60 million in cash and is seeking a project partner or firm sale agreement for investment security.
BTIG has reaffirmed a buy rating for Lifezone Metals (NYSE:LZM) with a target price of $7.00, indicating a potential 95% upside from the current price of $3.59. The company announced progress on the Kabanga Nickel project, aiming for a final investment decision or potential monetization this year.
AI-curated by TheiaThe feasibility study, completed in July 2025, projected a throughput of 3.4 million tonnes per year and pre-production capital expenditures of approximately $942 million. Lifezone holds 84% of the project, with the Tanzanian government owning the remaining 16%.
The company has around $60 million in cash, with short-term liquidity concerns highlighted by a current ratio of 0.46. Additionally, a final investment decision on a recycling facility in the U.S., developed with Glencore, is expected soon. Lifezone reported a net loss of $0.17 per share for Q4 2025, aligning with analyst forecasts, though actual revenue figures were not disclosed.
Comments